351 S State
Los Angeles, CA 90033
7
Bed
7
Bath
10,137Sqft
8,161Sqft(Lot)
This property is part of a 3 property portfolio, see MLS#PW26019993, and MLS#PW26019990 351 S State Street is a newly constructed, income-producing multifamily asset located in the heart of Boyle Heights, one of Los Angeles’ most dynamic and rapidly evolving neighborhoods. Completed in 2024 and reaching full occupancy in 2025, the property is currently stabilized and generating approximately $25,000 per month in rental income under a corporate lease structure, offering immediate and reliable cash flow. The property is ideally suited for corporate housing, workforce housing, or student housing, with flexible exit optionality. A future owner may elect to maintain the existing corporate lease for stable income or take delivery vacant, allowing for repositioning or alternative leasing strate
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Flat Property Appliances: Convection Oven,Electric Oven,Electric Range,Gas Range,Refrigerator,Range Hood,Dryer,Washer Fireplace: None -
Cooling Features
Ductless Air ConditioningHeating Source
Ductless Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 2024 Building Area Total: 10,137 Roof: Flat -
Foundation
SlabSecurity Features
Security Gate,Smoke Detector(s) -
Accessibility Features
NonePool Features
NoneLaundry Features
Common Area
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1874 -
Lot Size Source: Assessor Lot Size Square Feet: 8161
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Listing Price Information
Original List Price: 5,000,000 Listing Contract Date: 2026-01-28 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5174019047
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Garage and Parking
Garage Description: Carport,DrivewayHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Directions: turn north on State street from 4th Ave Source Property Type: Residential Income Area: BOYH - Boyle Heights Property SubType: Triplex -
Building and Construction
Property Age: 2 Common Walls: 2+ Common Walls Property Condition: Turnkey Structure Type: Triplex Year Built Source: Owner Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Three Or More
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2426 Medford, Los Angeles, CA, 90033 | $599,000 | 2 | 2 | 808 | 808 SqFt |
| 2426 Medford, Los Angeles, CA, 90033 | $599,000 | 2 | 2 | 808 | 808 SqFt |
| 1542 Ricardo, Los Angeles, CA, 90033 | $899,990 | 5 | 3 | 2,361 | 2,361 SqFt |
| 1454 Ricardo #1454, Los Angeles, CA, 90033 | $489,000 | 2 | 2 | 1,250 | 1,250 SqFt |
| 2553 Verde Street, Los Angeles, CA, 90033 | $880,000 | 5 | 5 | 1,624 | 1,624 SqFt |
| 2814 Wabash Avenue, Los Angeles, CA, 90033 | $950,000 | 7 | 2 | 2,184 | 2,184 SqFt |
| 2812 Blanchard, Los Angeles, CA, 90033 | $685,000 | 2 | 2 | 1,302 | 1,302 SqFt |
| 2740 Fairmount, Los Angeles, CA, 90033 | $1,299,000 | 2 | 2 | 2,800 | 2,800 SqFt |
| 2500 Ganahl, Los Angeles, CA, 90033 | $768,800 | 6 | 3 | 1,984 | 1,984 SqFt |
| 2482 Pomeroy Ave, Los Angeles, CA, 90033 | $750,000 | 4 | 1 | 1,848 | 1,848 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/09/2026 @ 17:18
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